Seizert Capital Partners LLC Makes New Investment in Yalla Group Limited Sponsored ADR $YALA

Seizert Capital Partners LLC purchased a new stake in shares of Yalla Group Limited Sponsored ADR (NYSE:YALA) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 256,837 shares of the company’s stock, valued at approximately $1,929,000. Seizert Capital Partners LLC owned about 0.16% of Yalla Group as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Goldman Sachs Group Inc. increased its holdings in shares of Yalla Group by 64.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 104,475 shares of the company’s stock worth $545,000 after purchasing an additional 41,003 shares in the last quarter. GAMMA Investing LLC boosted its position in shares of Yalla Group by 10.0% during the second quarter. GAMMA Investing LLC now owns 17,927 shares of the company’s stock valued at $121,000 after buying an additional 1,635 shares during the last quarter. Retireful LLC bought a new stake in Yalla Group in the 2nd quarter worth about $75,000. Ariose Capital Management Ltd purchased a new position in Yalla Group in the 2nd quarter worth about $3,808,000. Finally, Robeco Institutional Asset Management B.V. lifted its stake in Yalla Group by 228.0% during the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 625,165 shares of the company’s stock valued at $4,214,000 after acquiring an additional 434,559 shares during the period. Institutional investors own 4.73% of the company’s stock.

Analyst Upgrades and Downgrades

YALA has been the subject of several research analyst reports. Wall Street Zen lowered Yalla Group from a “buy” rating to a “hold” rating in a report on Friday, October 3rd. Weiss Ratings reiterated a “hold (c+)” rating on shares of Yalla Group in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, Yalla Group currently has an average rating of “Hold”.

Yalla Group Trading Down 2.9%

Yalla Group stock opened at $6.58 on Tuesday. The firm has a market capitalization of $1.04 billion, a price-to-earnings ratio of 8.12 and a beta of 0.25. Yalla Group Limited Sponsored ADR has a 12-month low of $3.83 and a 12-month high of $9.29. The firm has a 50 day moving average of $7.02 and a 200 day moving average of $7.39.

Yalla Group (NYSE:YALA) last released its quarterly earnings results on Monday, November 10th. The company reported $0.23 earnings per share (EPS) for the quarter. Yalla Group had a net margin of 42.29% and a return on equity of 20.06%. The business had revenue of $89.64 million for the quarter.

About Yalla Group

Yalla Group (NYSE:YALA) operates a voice-centric social networking and entertainment platform designed to connect users through live audio chat rooms, interactive voice channels and mobile gaming. Its core product, the Yalla app, allows participants in the Middle East and North Africa (MENA) region to join real-time voice discussion groups, host audio shows and send virtual gifts. Through the PokerBROS brand, the company offers a mobile-first social poker platform featuring Texas Hold’em, Chinese Poker and other variants, enabling casual and competitive gaming among a growing user base.

Founded in 2016 and incorporated in the Cayman Islands, Yalla Group established its headquarters in Riyadh with additional offices in Dubai and Asia.